UBS Group AG Has $4.85 Million Position in CoreCivic, Inc. $CXW

UBS Group AG lessened its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 51.1% during the fourth quarter, Holdings Channel reports. The fund owned 253,947 shares of the real estate investment trust’s stock after selling 265,413 shares during the quarter. UBS Group AG’s holdings in CoreCivic were worth $4,853,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CXW. Smartleaf Asset Management LLC increased its stake in CoreCivic by 33.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares in the last quarter. Lazard Asset Management LLC increased its stake in CoreCivic by 10.4% during the 2nd quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,002 shares in the last quarter. NBC Securities Inc. increased its stake in CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,228 shares in the last quarter. Guidance Capital Inc. increased its stake in CoreCivic by 5.0% during the 3rd quarter. Guidance Capital Inc. now owns 26,749 shares of the real estate investment trust’s stock valued at $502,000 after purchasing an additional 1,274 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in CoreCivic by 19.1% during the 2nd quarter. Osaic Holdings Inc. now owns 10,102 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 1,618 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Stock Performance

NYSE CXW opened at $21.15 on Friday. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $23.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.44 and a quick ratio of 2.44. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 17.20 and a beta of 0.68. The company has a fifty day moving average price of $20.08 and a 200-day moving average price of $19.05.

CoreCivic (NYSE:CXW) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.16). CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The firm had revenue of $614.73 million during the quarter, compared to the consensus estimate of $604.48 million. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s revenue was up 25.8% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, equities research analysts predict that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen lowered shares of CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. JonesTrading restated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Friday, February 13th. Benchmark assumed coverage on shares of CoreCivic in a research note on Tuesday, March 24th. They set a “buy” rating and a $28.00 price target for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of CoreCivic in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

CoreCivic Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.